J Suttie

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So far J Suttie has created 23 blog entries.

Question of the Week : Do I Pay GST on Real Estate?

People often wonder if they have to pay GST when they purchase property in Canada and the answer for most is typically...NO. Not on the residential mortgage side. The most common occurrence, is when you purchase brand new but even in that case, we can typically add the GST to the mortgage. https://youtu.be/S9hnFMtlgi0

By |2020-04-01T14:34:37+00:00February 21st, 2020|Mortgage Advice, Question of the Week|Comments Off on Question of the Week : Do I Pay GST on Real Estate?

Question of The Week: What is Property Transfer Tax?

Property Transfer Tax is a tax you need to pay when you acquire property in British Columbia. It can be a hefty tax but they're exemptions for First Time Home Buyers, Spousal Transfers and some Family Transfers. Let us know is you have questions. https://youtu.be/gy1YKyzBf68

By |2020-02-21T21:46:35+00:00February 21st, 2020|Mortgage Advice, Question of the Week, Uncategorized|Comments Off on Question of The Week: What is Property Transfer Tax?

Question of the Week: What are the Advantages to being a First Time Home Buyer

Are you a First Time Home Buyer? Is This Your First Mortgage What are your advantages? What are your perks? Buying your first home can be very intimidating...let us help. ***UPDATE: SINCE I SHOT THIS THE RRSP LIMIT INCREASED TO $35k***  https://youtu.be/FRKKGXq3U1w

By |2020-02-01T00:40:52+00:00February 1st, 2020|Mortgage Advice, Question of the Week|Comments Off on Question of the Week: What are the Advantages to being a First Time Home Buyer

Question of the Week: Why is Credit so Important?

It used to be that you could walk into your bank and the bank manager knew you. They had known you for years and could vouch for your character...they could loan to you based on their gut feeling. That is just not the case anymore, those days are long gone and you credit bureau is

By |2020-02-01T00:26:04+00:00February 1st, 2020|Mortgage Advice, Question of the Week|Comments Off on Question of the Week: Why is Credit so Important?

Question of the Week: Bi-Weekly Mortgage Payments vs Monthly Mortgage Payments

One of the simplest way to get further ahead on your amortization is paying bi-weekly mortgage, specifically accelerated bi-weekly mortgage payments instead of monthly payments.   Paying bi-weekly over monthly knocks almost 3 years off your mortgage...that is some big savings!!   https://youtu.be/XA3KW9AlAd8

By |2020-02-01T00:18:25+00:00February 1st, 2020|Question of the Week|Comments Off on Question of the Week: Bi-Weekly Mortgage Payments vs Monthly Mortgage Payments

Question of the Week: Fixed Mortgage Rates vs Variable Mortgage Rates

Probably the most common question is Fixed Mortgage Rate vs Variable Mortgage Rate. What are the differences? What are the pro's and con's? Which is right for you?   https://youtu.be/37DB7s271Hw

By |2020-01-26T18:29:32+00:00January 26th, 2020|Question of the Week|Comments Off on Question of the Week: Fixed Mortgage Rates vs Variable Mortgage Rates

Question of the Week: Pre-Approvals vs Full Approvals

Hearing the term "Pre-Approval" is misleading. One would think they are good to buy, but that is not the case. A Mortgage Pre-Approval for this most part only holds a rate. What is more powerful is a Pre-Qualifcation or even a Full Approval. https://youtu.be/a6aiFFdUJ9c

By |2020-01-26T18:21:02+00:00January 21st, 2020|Question of the Week|Comments Off on Question of the Week: Pre-Approvals vs Full Approvals

Top 5 Complaints from Strata Council’s

1)  Our Monthly Financials Are "Screwed Up!" Invoices not paid on time (late fees) Invoice paid without authorization Invoices not accrued in the right fiscal year Financial Statements unavailable for many months Expended money from the wrong trust (bank) account Strata Manager/Brokerage unable to answer questions regarding the financials Our Accounts Receivables are out of control

By |2015-10-19T11:45:51+00:00October 19th, 2015|Uncategorized|Comments Off on Top 5 Complaints from Strata Council’s

CHINA RATTLES MARKETS WITH CURRENCY DEVALUATION

The Chief Economist for DLC, Dr. Sherry Cooper talks about China's shocking devaluation of it's currency.  The effect on the Prairies are no secret driving them into recession.  However, I will be interested to see the effect on BC whose housing market is largely fuelled by off shore money, much of it coming from the

By |2015-08-11T08:18:51+00:00August 11th, 2015|Uncategorized|Comments Off on CHINA RATTLES MARKETS WITH CURRENCY DEVALUATION

HOW TO PREPARE TO BUY A HOME WHILE YOU ARE GOING TO SCHOOL

Many people find themselves renting a home and helping others get ahead financially. When the question of “why rent” is posed, the most common answer is the issue of not having a down payment. What is interesting is that the person could afford the monthly payments but simply does not have the down payment. Home

By |2015-08-05T08:48:05+00:00August 5th, 2015|Uncategorized|Comments Off on HOW TO PREPARE TO BUY A HOME WHILE YOU ARE GOING TO SCHOOL
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